XTI Aerospace Inc

For the period ended Dec 31, 2023. Filed Apr 16, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Apr 16, 2024

XTIA$0.94+5.3%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Consolidated Balance Sheets as of and

(In thousands, except number of shares and par value data)

	As of December 31,2023	As of December 31,2022
Assets
Current Assets
Cash and cash equivalents	$6,254	$9,284
Accounts receivable, net of credit losses of $26 and $231, respectively	568	1,187
Other receivables	61	83
Inventory, net	2,415	1,997
Notes receivable	6,145	150
Warrant asset	1,858	—
Prepaid expenses and other current assets	430	2,691
Current assets of discontinued operations	2,768	14,474
Total Current Assets	20,499	29,866
Property and equipment, net	277	342
Operating lease right-of-use asset, net	335	527
Software development costs, net	305	524
Long-term investments	—	666
Intangible assets, net	2,208	2,994
Other assets	145	143
Non-current assets of discontinued operations	—	22,573
Total Assets	$23,769	$57,635

(In thousands, except number of shares and par value data)

	As of December 31, 2023	As of December 31, 2022
Liabilities and Stockholders’ Equity
Current Liabilities
Accounts payable	2,449	720
Accrued liabilities	2,007	1,836
Operating lease obligation, current	201	207
Deferred revenue	625	546
Short-term debt	8,738	12,565
Acquisition liability	—	197
Warrant liability	919	—
Current liabilities of discontinued operations	1,960	8,643
Total Current Liabilities	16,899	24,714
Long Term Liabilities
Operating lease obligation, noncurrent	141	334
Non-current liabilities of discontinued operations	—	472
Total Liabilities	17,040	25,520
Commitments and Contingencies (Note 26)
Stockholders’ Equity
Preferred Stock -$0.001 par value; 5,000,000 shares authorized
Series 4 Convertible Preferred Stock - 10,415 shares authorized; 1 issued, and 1 outstanding as of December 31, 2023 and December 31, 2022, respectively.	—	—
Series 5 Convertible Preferred Stock - 12,000 shares authorized; 126 issued, and 126 outstanding as of December 31, 2023 and December 31, 2022, respectively.	—	—
Common Stock - $0.001 par value; 500,000,000 shares authorized; 1,942,985 and 35,710 issued and 1,942,984 and 35,709 outstanding as of December 31, 2023 and December 31, 2022, respectively.	3	—
Additional paid-in capital	366,099	346,672
Treasury stock, at cost, 1 share	(695)	(695)
Accumulated other comprehensive income	630	1,061
Accumulated deficit	(359,698)	(313,739)
Stockholders’ Equity Attributable to XTI Aerospace, Inc.	6,339	33,299
Non-controlling Interest	390	(1,184)
Total Stockholders’ Equity	6,729	32,115
Total Liabilities and Stockholders’ Equity	$23,769	$57,635

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.